I don't like it. ISM bands are a free for all and that's exactly why they're popular. If you want private spectrum, get out of the ISM bands. It's not about efficient spectrum allocation, it's about providing a band that's available for NO effort, to everyone. It's about providing the minimum amount of government interference required to keep things non-violent.
I still don't see how lite-licensing differs from regular licensing. Is price the only difference? Because from the explanation in the article, it seems like there's still going to be the same amount of ICASA bureaucracy, except this time there'll be 100x more applications so the wheels are really going to fall off.
WAPA moved into the ISM bands (which work fine for hobbyists, home users and clued up professionals), and now they want to claim them for themselves. "Free public spectrum"? More like "Free public spectrum except for the R 10 000 application form preparation costs, ICASA fees and oh, if you happen to arrive second, no spectrum for you".
WAPA, you can use our public spectrum, on the same terms as everyone else. Don't come here with your bureaucratic tendencies.